Heritage boasts cheapest credit card in the market

Money Magazine’s 2009 Best of the Best has awarded Heritage Building Society winner of the Cheapest Credit Card for its Visa Gold No Frills credit card product.

Each year Money Magazine showcases the best financial products, services and investments in Australia. Currently in its eighth year, a team of Money Magazine experts judges the prestigious awards.

Heritage General Manager Marketing, Ms Jane Calder said Heritage was pleased to receive an award given the thousands of outstanding products from banks, building societies and credit unions across Australia that are evaluated.

“The credit card segment of the market is particularly crowded with product offerings from a vast number of competitors. To be recognised in this category provides strong independent endorsement for the Society’s Visa Gold No Frills credit card,” Jane stated.

“In the current financial climate, consumers are increasingly seeking products that not only provide them with the best financial solution but offer value as well.

“At Heritage, because we are committed to putting People first our award winning Visa Gold No Frills product has no annual fee, travel assistance services and cash advances are available from ATMs.”

Jane added, “Receiving industry recognition is a great incentive to provide even better products and services to our members.”

“As a mutual organisation we are committed to providing our members with lower fees, competitive products and personalised service. It is all about putting People first - that is the way we do business at Heritage.”

“Heritage Building Society was also a finalist in Money Magazine’s 2009 Best of the Best awards for of Cheapest Home Loan Package, Best Pensioner Deeming Account, Cheapest Business Transaction Account and Best Business Credit Card.

About Heritage

Headquartered in Toowoomba, the heart of the Darling Downs, Heritage is Australia’s largest building society with total consolidated assets approaching $7 billion.

With a 132-year history, Heritage provides a full suite of retail and business banking products and, insurance and financial planning products and services to members via alliances with specialist providers.

Heritage members have access to a network of 130 retail outlets throughout south east Queensland, and has broker services in Queensland, New South Wales, Victoria, South Australia and the ACT.


* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

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